There are currently 179 real estate properties in Verona, IL, with a median automated valuation model (AVM) price of $193,000.00. What is an AVM? It is a smart computer program that analyzes and predicts the approximate value of a home, property or land in Verona, IL, based on current market trends, comparable real estate sales nearby, historical data and, of course, property features, among other variables. These automated home estimates are often very helpful, providing buyers and sellers with a better idea of a home’s value ahead of the negotiation process. For example, the average home price in Verona, IL, is $222,664.00, with the most expensive house in Verona, IL, topping out at $700,000.00 and the cheapest home in Verona, IL, clocking in at $59,900.00. In other words, there’s something for every potential homebuyer or savvy investor in Verona, IL!
With the expiration of certain local, state and federal housing-related restrictions and mandated programs, the rental market in Verona, IL, is on a rollercoaster ride. The average rent price in Verona, IL, is $1,303.00. Indeed, when looking to rent in Verona, IL, you can expect to pay as little as $750.00 or as much as $2,220.00, with the average rent median estimated to be $1,290.00. The good news is that finding an affordable and desirable property to rent in Verona, IL -- whether it’s apartments, townhomes, condominiums or single-family homes -- is made easier with knowledge of the local market and, of course, a little patience.
Find the best foreclosure homes listings for sale — bank-owned, government (Fannie Mae, Freddie Mac, HUD, etc.) and others — in and near the Verona, IL area at Foreclosure.com. Get information on foreclosure homes for rent, how to buy foreclosures in Verona, IL and much more. Save thousands at closing with home foreclosure listings in Verona, IL — up to 75% off market value!
Verona is located in Grundy, Illinois, with an estimated municipal population of 206 residents. All of the best foreclosed homes for sale in Verona are located in the following zip code areas on Foreclosure.com: 60479. The estimated population per square kilometer (.62 miles) in Verona is 480.
So, about how much do homes cost in Verona? The most recent median value of resident-owned homes in Verona is 115,228. An estimated 82.4 percent of households in Verona own their homes, with an average family size of 3.15. The median household income in Verona is 62,250, with29.7 percentage of households earning at least $100,000 annually. For working parents and professionals who are searching for cheap homes in Verona, the median commute time of resident workers (in minutes) is 27.7. And last, but certainly not least, are you looking for homes to rent in Verona? If so, the average rent price paid by renters in Verona is 1,125, according to recent statistics.
Where a home is located is almost just as important as the home itself. Whether you are a first-time homebuyer or are relocating to Verona, it is essential to take a deep dive into your potential future neighborhood. Homeownership is often a long-term relationship; therefore, be sure to do your due diligence to ensure that you make the best long-term decision.
The median age of residents in Verona is 38.2, split between 51.8 percent male versus 48.2 female. The percentage of residents who report being married in Verona is 53.9, with an average family size of 3.15.
The percentage of residents who report their race in Verona is as follows:
|Black / African American||0%|
|American Indian / Alaskan Native||0%|
|Native Hawaiian / Other Pacifc Islander||0%|
Looking for family-friendly neighborhoods in and/or near Verona? Or maybe you are searching for 55+ active adult communities in and/or near Verona?
The percentage of residents who report their age in Verona is as follows:
It was a rollercoaster ride for academics in 2020, with school districts throughout the nation transferring their classes online because of the global pandemic. Numerous school districts will continue online courses, while others will welcome students back to campus. Regardless, homebuyers are shopping for homes in Verona with dedicated in-home learning spaces, as well as for homes located within the best school systems for in-person instruction in Verona.
How do you know that living in -- or moving to -- Verona is right where you need to be? Perhaps you grew up in Verona or already live nearby; therefore, the decision to buy a home in Verona is a no-brainer. For others, however, it may not be such a straightforward or simple decision. Whether you are relocating to Verona for work or just looking for a fresh start, getting a read on a neighborhood from afar (online) can be tricky... and exhausting.
Here are some questions to ask yourself when shopping for foreclosed homes for sale in Verona:
In short, it always helps to create a “Pros vs. Cons” list of what you need in a home and/or neighborhood like Verona.
Prospective homebuyers are clearly taking advantage of the low interest rates and numerous government assistance programs. These low interest rates mean homebuyers in Verona can now afford much more house for the same monthly payment (if interest rates were higher). Motivated and opportunistic sellers in Verona, meanwhile, can field multiple offers from more qualified buyers.